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Global giants KPMG and Allens support Innovation Hub

25 Oct 2017

Work now being undertaken by the University of Sydney’s recently established Innovation Hub has been given the seal of approval by the global consulting firm KPMG and one of the world’s leading law firms, Allens.

An Innovation Hub helpdesk session with KPMG experts

An Innovation Hub helpdesk session with KPMG experts

Both companies have agreed to provide “market-leading advice” to the next generation of innovators and entrepreneurs seeking the Hub’s assistance with their start-up businesses.

The Sydney Innovation Hub was launched in late 2016 as a facility for students from across the University who wished to “co-create and innovate” alongside other students, academics, alumni, industry and the community.

Allens lawyers will provide Hub members with legal support and advise across a range of legal matters including corporate law, fundraising, intellectual property, data protection and employment.“While legal issues are often not front-of-mind for start-ups in the early stages of their venture, the legal foundations of a business can make or break its future,” said Allens Accelerate Senior Associate, Tom Griffin.

“We are fortunate to work with innovative businesses at all stages of their growth journey, particularly through our Allens Accelerate offering for start-ups, high growth companies, scale-ups and established organisations looking to invest,” said Mr Griffin.

“Innovation has long been core to our purpose at Allens, and we recognise the value of innovative thinking in all aspects of our work,” said Mr Griffin. “Working with early-stage start-ups gives our lawyers a unique insight into the economy of tomorrow and the agile, creative thinking it requires.”

“The University’s new Innovation Hub is a great nursery for early stage start-ups to develop, and Allens is proud to play a role in supporting that development,” said Mr Griffin. “We are also pleased to be able to share our experience and market-leading advice with a new generation of leaders as they build their businesses.”

KPMG will also be providing support to Sydney Innovation Hub members with general commercial advice on how to build and grow a business, as well as how to use lean start-up principles and methodologies to develop a business idea from conception through to minimum viable product.

“Entrepreneurship, the ability to innovate and solve problems creatively are key skills for graduates to build and develop,” said James Mabbott, Partner & Head of KPMG Innovate.

“The Sydney Innovation Hub provides participants with the opportunity to gain real first-hand practical experience and we are pleased to be a part of this initiative because from these activities could become the future of Australian industry in terms of new businesses and jobs growth,” said Mr Mabbott.

“We will bring our deep expertise in working with high-growth, high-tech businesses across all stages of the lifecycle to help accelerate the development of innovative ideas and prototypes,” he said.

“Corporate recognition and support is extremely important,” said the Head of the Innovation Hub, James Meade. “The insights provided by KPMG and Allens will be invaluable to young innovators in the hub.”

“Universities have an essential role to play in fostering entrepreneurship and innovation in the private, public and provide sectors,” Mr Meade said. “Innovation and entrepreneurship requires enthusiasm but it also requires targeted support which we are delivering in collaboration with our industry partners”.

“Initiatives such as this are fundamental to the transformed undergraduate curriculum, where real-world experiences and working with external partners is central,” said Professor Richard Miles, Pro Vice-Chancellor (Education – Enterprise and Engagement). “It is by fostering external partnerships that we are able to provide industry-immersed experiences to students which prepare them for the future of work.”

Information about the Innovation Hub’s programs, application process, and partnership opportunities can be found on the University of Sydney Innovation Hub’s website.